Elior's annual core profit nearly triples, beating estimates

Elior SA

20/11/2024 06:30

Nov 20 (Reuters) - French food caterer Elior  ELIOR.PA 
said on Wednesday its adjusted core profit soared 183% in the
year through September, above market expectations, after it
removed sources of losses through several strategic contracts.
    Its adjusted earnings before interest, taxes, depreciation
and amortisation (EBITDA) were 167 million euros ($176.84
million) in the 2024 financial year, up from 59 million last
year and above the 162 million expected by analysts in a
company-provided consensus.
    Elior forecast organic revenue growth of between 3% and 5%,
an adjusted EBITDA margin of above 3% and a net debt 3.5 times
its core profit for the fiscal 2025, and confirmed its
medium-term targets.
($1 = 0.9444 euros)

 (Reporting by Mathias de Rozario in Gdansk; editing by Milla
Nissi)
 ((mathias.derozario@thomsonreuters.com;))